Understanding the Basics

Have you thought about how you are going to fund your business? When considering financing options, it’s a good idea to have an understanding of your financing needs as well as the types of options that available to help you start and sustain your business. In this section, SBA will help you assess the costs associated with start up and growth, the pros and cons of using your business versus your personal finances, the types of financing that exist, and the factors that banks evaluate when reviewing loan applications. We’ll even help you to determine if your business may be eligible for SBA assistance programs.

Borrowing Money

Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy. Before you approach a lender for a loan, it is a good idea to understand as much as you can about the ...
Using Personal Finances

Learn How Your Personal Finances Can Affect Your Business Finances Starting a business can be a tremendous strain on your personal finances. It takes time before your new venture turns a profit and provides financial support for ...
Estimating Startup Costs

Estimating Startup Costs If you are planning to start a business, it is critical to determine your budgetary needs. Since every business is different, and has its own specific cash needs at different stages of development, there ...
Financial Statements

Understanding financial statements is essential to the success of a small business. Financial statements can be used as a roadmap on your business journey to economic success. Using numbers as navigation aids can steer you in the ...
SBA Financial Assistance Eligibility

The types of businesses that are eligible for financial assistance from the SBA, must: Operate for profit Be engaged in, or propose to do business in, the United States or its possessions Have reasonable owner ...